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NORDEN’s tankers ramps up focus on short-term

Logistic News - Published on Thu, 18 Apr 2019

Image Source: Angela Chao Blog
In 2017, NORDEN’s dry bulk activities were successfully split into a Dry Operator and a Dry Owner unit to add resilience in versatile market conditions. Now a similar model is in the making in the company’s tanker business. Mr Søren Huscher, CEO, Norient Product Pool (NPP), said that “Increasing focus on short-term activities allows us to leverage the agility in the market and increase stability despite the market downturns, limiting the effects of such down cycles. With our extensive know-how, vast relations in the market and mindset of a shipowner, we come to market as owners who care for the steel, seeking solutions to the benefit of all parties.”

The mindset of a shipowner NORDEN seeks to strengthen its relations to new and existing owners, operating with long-term targets and objectives to create a more agile business for all parties.

Søren Huscher, said that “As a successful shipowner for close to 150 years, NORDEN is a market player, which understands what is important from a shipowner’s perspective, and we are not here to exploit. Drawing on the strong earnings capability in Norient Product Pool (NPP) and NORDEN’s solid access to short-term chartered tonnage, paired with focused risk management, market timing, good technical performance and access to off-market deals, enables us to become better equipped to deliver attractive returns.”

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Posted By : Rabi Wangkhem on Thu, 18 Apr 2019
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